BUS 402 Strayer University How to Manage Small Business Discussion

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Business Finance

Bus 402

Strayer University

BUS

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"One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan." (Scarborough & Cornwall, 2015, p. 454).

With this assignment, you are creating two important elements of a financial plan: an Income Statement and Balance Sheet. You also are preparing an outline of a presentation of your business plan to potential investors or lenders.

Using the business you created from Assignments 2 and 3, write a three to four (3-4) page paper in which you:

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Running Head: SMALL BUSINESS MANAGEMENT

Small Business Management
Name
Course
Tutor
Date

1

SMALL BUSINESS MANAGEMENT

2

Small Business Management
The financial section of a business plan determines the health of a company. It is of
special interest to investors that need to inject their resources into the business idea. The plan
depends on specific assumptions. One is that the economy will grow gradually without
significant recessions. Second, there are no unforeseen technological changes to make, and
equipment will not become obsolete. The following is a financial plan for Happiness Coffee
Shop.
Pro Forma Income Statement
Pro forma implies a projected income statement that is used to restate financial books. It
is a powerful tool for financial and business planning because it paints a picture of its future
(Warnes, 2019). Suppose the projected income of the Happiness Coffee shop demonstrates a
downturn in profitability. In that case, the business needs to make operational changes like
decreasing operations costs or increasing prices before the projections become a reality. Such a
business will not be of significant influence to investors because it has an uncertain future. A pro
forma income statement o...


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I was struggling with this subject, and this helped me a ton!

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